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STAKE WITH COLIBRI

HOW TO STAKE

HOW TO STAKE?

Staking and delegating for the first time

1. Visit azero.dev and click on the Accounts > Accounts section to check the existing accounts.

One has to have 2 accounts to start staking: One stash account and another controller account

The stash account would be used to delegate and the other for paying for the transactions.

(Kindly keep at least 1 AZERO in the controller account for the transaction fee)

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2. Once the setup of stash and controller accounts are done, go to Network > Staking.

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3. You will see the submenu related to Network. Click on Accounts under the Staking submenu.

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4. Now click on +Nominator.

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5. A pop-up window named “setup nominator 1/2” appears, ensure your stash account and controller account is selected correctly. Enter the value to be bonded and click “next”.

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6. In setup nominator 2/2, under candidate accounts, search for COLIBRI, once clicked, COLIBRI VALIDATOR should appear in nominated accounts. Then click on Bond & Nominate.

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7. Enter your password and authorise the transaction. Click on Sign and Submit.

You have now bonded your $AZERO and have become a nominator for COLIBRI validator.

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8. You can check the same under Network > Staking > Accounts menu.

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NOTE

Your bonded AZERO will get nominated in the next era (1 era = 24 hours). You can check the current era on the home page. Kindly have at least 1 $AZERO in the controller account for the transaction fee.

 

The screenshots here were made on the identical Testnet network. Make sure to use https://azero.dev for the Substrate Portal of the Aleph Zero Mainnet network.

NOTE

SWITCH NOMINATION

HOW TO CHANGE?

Switch nominating your stake to Colibri

1. Visit azero.dev and click on Accounts and then go to  Network > Staking.

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2. Under the Staking section, click on Accounts under the staking submenu.

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3. You will see an existing stash account. Click on the three dots at the right side of the stash account and select set nominees from the pop-up menu.

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4. Remove the current nominated validator by clicking your current nominated account.

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5. Under the candidate accounts search for COLIBRI and select it.

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6. Check to ensure that COLIBRI is shown under nominated accounts and click Nominate.

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7. Authorise the transaction and click on Sign and Submit

    Voila! You are now a nominator of the COLIBRI validator !!

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8. Recheck under Network > Staking > Accounts menu.

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COLIBRI ADDRESS

VALIDATOR ADDRESS

5FhatJywcEvZEqj2s7sC5HyQapWuJPEDEJpnjSwRS7DgFjfP

xxx
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